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Walmart executive sets exit

ADVERTISEMENT Walmart executive sets exit E-commerce leader taking top job at Texas retailer Conn’s by Serenah McKay | Today at 2:05 a.m. This undated file photo shows Walmart s sign in front of its Bentonville headquarters. Walmart Inc. s head of U.S. e-commerce is leaving the company to lead Conn s, the Texas specialty retailer said in news release Wednesday. Chandra Holt, executive vice president of Walmart U.S. e-commerce, starts her new job as president and chief executive officer at Conn s Inc. on Monday. Holt joined Walmart.com in 2020 as its chief merchandising and integration officer. In that position, she oversaw the integration of Walmart s stores and e-commerce merchandising division.

Amazon s Pandemic Bump Fades as Vaccinated Shoppers V

The world’s biggest e-commerce retailer on Thursday reported sales and gave a forecast that fell short of expectations. Shares declined about 7% in extended trading after the results were released. It marked the first time Amazon had missed quarterly sales estimates since 2018.The Seattle-based company invested billions to operate through the pandemic while minimizing the spread of Covid-19 through its facilities and hiring hundreds of thousands of workers to meet crushing demand. New Chief Executive Officer Andy Jassy, who took the helm from founder Jeff Bezos on July 5, has to convince investors that Amazon continues to be a good long-term bet even though revenue growth is slowing and the company faces heightened scrutiny from regulators in the U.S. and Europe, its biggest markets.

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